An Analysis of Influence of Information-Sharing Behavioural Factors on Information Asymmetry in PPP Projects

Information Sharing Behaviours (ISB) has been perceived to be significant factor in improving information asymmetry in a highly volatile and uncertain operational environment associated with PPP project delivery. However, there is not much effort to examine the nature and extent of influence of ISB on information asymmetry in PPP project delivery given that information imbalances are rife in PPP arrangements. The aim of this study is to identify ISB factors that influence information asymmetry in PPP arrangements and project delivery. A questionnaire survey on-going PPP projects, yielded 109 responses from a purposively selected PPP participants in Ghana. Bayesian Model Averaging (BMA) technique was adopted to explore the influence of ISBs on taxonomies of information asymmetries among PPP participants. The findings revealed that, good information sharing behaviours of trust, reciprocity, leadership, accountability, communication commitment and organizational culture have varied significant effects on various forms of information asymmetries and information imbalances among PPP project participants. Thus a good combination of these behaviours can veritably reduce various forms of information asymmetries among PPP participants. This study gives theoretical assertiveness and validation to the role of information sharing behaviours in reducing typologies of information asymmetries in in PPP project delivery. The findings are useful launching pad for the development of ISBs among stakeholders and PPP participants to improve information asymmetry inherent from the principal-agency problem.